One of the basic principles of accounting is objectivity.Why,then,do businesses estimate their uncollectible accounts expense instead of waiting to see which accounts receivable will not be collected.That would be objective,wouldn't it?

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The Answer of One of the basic principles of accounting is objectivity.Why,then,do businesses estimate their uncollectible accounts expense instead of waiting to see which accounts receivable will not be collected.That would be objective,wouldn't it?

One of the Basic Principles of Accounting Is Objectivity